I guess with the quarterly due in a week, they needed to get the $$$ in the bank in time to show that they have 2 quarters of money.
Waiting for the price to run up wouldn't give them to time to do it.
Its a bit disappointing, would have been nice if they could get $20m for the same dilution.
Ann: FBR successfully completes institutional placement, page-44
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3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $156.1M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.4¢ | $438.7K | 12.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4020699 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 577318 | 4 |
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| FBR (ASX) Chart |